Odaily Planet Daily reports that after announcing strong financial results and advancing its AI transformation strategy, analysts believe that the company’s merchant payment business, Square, will be the main beneficiary of this strategic shift.
The financial report shows that Block achieved an operating profit of $485 million in the fourth quarter, with an adjusted operating profit of $588 million. Net profit attributable to common shareholders was $116 million, and adjusted EBITDA reached $930 million. The company also raised its 2026 gross profit guidance to $12.2 billion, an increase of approximately 18% year-over-year.
CEO Jack Dorsey recently announced that the company will cut over 40% of its staff, reducing the total from over 10,000 to less than 6,000 employees, to promote a leaner, AI-centric operational model. Analysts believe that Block is one of the first fintech companies to fundamentally reassess its workforce structure and productivity.
Additionally, the company recently increased its Bitcoin holdings by 103 BTC, bringing its total to approximately 8,883 BTC, valued at around $577 million, making it the 14th largest corporate Bitcoin holder globally.
Dorsey stated that during the pandemic, the company rapidly expanded its workforce and established independent systems for Square and Cash App, leading to redundancies. Block is now pushing organizational integration and plans to increase per-employee gross profit to over $2 million, roughly four times pre-pandemic levels. Analysts believe that, under the backdrop of AI-driven efficiency improvements, Square’s business is expected to be the first to achieve scaled revenue growth.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Reputed Analyst Shares 6 Stages of the Bitcoin Price Action Framework, Where is BTC Now?
Reputed analyst shares 6 stages of the Bitcoin price action framework.
The expert explains in detail how BTC is at stage 4 of 6.
He then breaks down how he expects the price of BTC to react next.
A popular crypto analyst, Doctor Profit, known for his many accurate market predictions
CryptoNewsLand5m ago
Bitcoin Selling Pressure Nears Exhaustion, Analyst Says
Bitcoin has found itself at a crossroads after a sustained period of selling pressure, with observers noting that the selling might be losing steam. Over the past three weeks, the flagship cryptocurrency has traded in a relatively narrow band between $60,000 and $70,000, with a brief dip
CryptoBreaking11m ago
Bitcoin Falls Below $66,000 as Hot PPI Data Fuels Rate Cut Uncertainty
Bitcoin declined below $66,000 on February 27 following the release of hotter-than-expected U.S. Producer Price Index (PPI) data, which showed January wholesale inflation rising 0.5% month-over-month against a 0.3% forecast.
CryptopulseElite12m ago
Yesterday, the US Bitcoin spot ETF experienced a net outflow of $27.5 million.
BlockBeats News, February 28 — According to Farside monitoring, yesterday the US Bitcoin spot ETF experienced a net outflow of $27.5 million, ending a three-day streak of net inflows. Among them, the Belay IBIT saw a net outflow of $32.7 million, while BTCO had a net inflow of $3.3 million.
GateNews13m ago
Bitcoin drops back to $65,000! PPI exceeds expectations and Nvidia's sharp decline drag down, Solana, XRP, and Dogecoin all pull back collectively
Bitcoin retreated due to the US PPI exceeding expectations and Nvidia's stock price declining, falling to $65,735, a weekly decrease of 2.8%. Altcoins such as Solana and Ethereum experienced even larger drops. Despite strong Bitcoin ETF fund inflows, the overall market remains under pressure, with attention on price range support and the potential for a future rebound.
GateNews19m ago
